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any person or of a group of persons on account of race, color, religion, creed, sex, marital status,
<br /> ancestry, or national origin in the leasing, subleasing, transferring, use, occupancy, tenure or
<br /> enjoyment of the land herein leased nor shall the lessee or any person claiming under or through the
<br /> lessee establish or permit any such practice or practices of discrimination or segregation with
<br /> reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees,
<br /> subtenants, or vendees in the land herein leased."
<br /> (c) In Contracts:
<br /> "There shall be no discrimination against or segregation of any person or
<br /> group of persons on account of race, color, religion, creed, sex, marital status, ancestry or national
<br /> origin in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor
<br /> shall the transferee or any person claiming under or through the transferee establish or permit any
<br /> such practice or practices of discrimination or segregation with reference to selection, location,
<br /> number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land."
<br /> 8.03 Contents of Deed.
<br /> The Agency Deed shall contain the covenants set forth in Section 8.02 of this
<br /> Agreement and Exhibit "C" hereto and such conditions of approval imposed by the City as are
<br /> required to be contained in the Agency Deed.
<br /> ARTICLE NINE: SECURITY FINANCING AND RIGHTS OF HOLDERS
<br /> 9.01 No Encumbrances Except for Development Purposes.
<br /> Notwithstanding any other provision of this Agreement, mortgages and deeds of trust,
<br /> or any other reasonable method of security (including assignment of leases or ground leases to a
<br /> lender as security for a loan), are permitted to be placed upon the Property before the Certificate of
<br /> Completion has been issued by the Agency, but only for the purpose of securing loans of funds to be
<br /> used for financing the acquisition of the Property and /or the design, and construction of the
<br /> Developer Improvements. The Developer shall promptly notify the Agency of any mortgage, deed
<br /> of trust, sale and lease -back or other financing, conveyance, encumbrance or lien that has been or
<br /> will be created or attached to the Property. The words "mortgage" and "deed of trust" as used herein
<br /> include all other appropriate modes of financing acquisition, construction, and development of the
<br /> Property or any portion thereof.
<br /> 9.02 Holder Not Obligated to Construct.
<br /> The holder of any mortgage, deed of trust or other security interest authorized by this
<br /> Agreement is not obligated to construct or complete any improvement or to guarantee such
<br /> construction or completion; nor shall any covenant or any other provision in conveyances from the
<br /> Agency to Developer evidencing the realty comprising the Property or any part thereof be construed
<br /> so to obligate such holder. Nothing in this Agreement shall be deemed to permit or authorize any
<br /> such holder to devote the Property or any portion thereof to any uses, or to construct any
<br /> improvements thereon, other than those uses or improvements provided for or authorized by this
<br /> Agreement.
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